What’s Behind 50% Hyperliquid (HYPE) Price Rally in One Week?
The post What’s Behind 50% Hyperliquid (HYPE) Price Rally in One Week? appeared on BitcoinEthereumNews.com.
Key Notes Hyperliquid has gained significant traction, fueled by high-profile trades from James Wynn. His activity, including 38 trades with a 45% win rate, contributed $2.31 million in fees, helping Hyperliquid outperform Ethereum, Solana, and BNB Chain. With open interest hitting $8.92 billion and 24-hour trading volume reaching $18.91 billion, Hyperliquid now ranks 5th globally among derivatives platforms. Defying the broader market consolidation, Hyperliquid HYPE $19.97 24h volatility: 5.4% Market cap: $6.67 B Vol. 24h: $206.60 M price has surged another 12% today, hitting an all-time high of $40, with its daily trading volume surging 50% to $460 million. With this, the altcoin has extended its weekly gains to 50%, outperforming the broader crypto market. Decentralized derivatives trading platform Hyperliquid has gained much popularity recently, as crypto trader has James Wynn has taken huge leveraged bets for Bitcoin (BTC) and Pepe Coin (PEPE), thereby boosting the platform revenue significantly. Earlier today, Wynn made headlines once again, withdrawing $28 million in USDC from the decentralized derivatives platform Hyperliquid. The withdrawal comes after Wynn netted an impressive $25.2 million in trading profits over the past 75 days. During this period, Wynn executed 38 trades, with 17 yielding profits, thereby striking a 45% win rate. Moreover, his high-volume trading activity contributed approximately $5.4 million in fees to Hyperliquid. As it turns out, the derivatives trading platform has generated 7x more revenue than BNB Chain, while also overtaking giants like Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B and Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B . 7x more fees than BNB 11x less market cap Hyperliquid. pic.twitter.com/EYBTdXW8pp — Sara.hl (@Saram_ath) May 20, 2025 Hyperliquid Emerges as a Key Hub for Crypto Derivatives Trading With its unparalleled transparency and advanced…
Filed under: News - @ May 26, 2025 8:26 am